Monero’s XMR ‘Foundation Pattern’ Break Points Ahead for Price Upside

Privacy-focused digital assets may be making some noise after their leader monero (XMR) breaks out of a long-running “baseline pattern,” signaling a year of momentum growth.

For more than two years, monero has been locked in a base pattern of $100-$200, or a low-volatility price consolidation, marking a balance of supply and demand after a crash from 2021 highs above $500.

Prices now seem to be above $200, which means that the bear has absorbed the floating supply at the lows and the path of least resistance is up, as followers of the Wyckoff method of analysis describe it. The next significant resistance level is $287, the lower high reached in April 2022. Moving back to the side channel cancels the view of growth.